Word: putting
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...York Times Co., management put on mourning clothes for their earnings call. Revenue fell a little over 18%, which was closer to Yahoo!'s drop than champions of Internet advertising would like. Advertising revenue killed the newspaper company's sales by dropping 27%, to $335 million. Fans of paying for content will note that subscriber revenue was up 1%, to $229 million, but that money came from people buying physical papers and not online content. (See 25 people to blame for the financial crisis...
...results of both companies put side by side are a true indication of what the recession has done to the media, old and new. With the exception of Google (GOOG), the life has gone out of the business of making big profits in the content business. Since Google is only a content aggregator, it does not qualify for the sake of comparison...
Will the ANC win easily? Yes, or at least by a comfortable margin. Most opinion polls put its support between 60% and 70% of the popular vote. (It won 66% in 2004.) The lowest prediction gives the party 47% support. But even that figure would still make it by far South Africa's largest party. Its nearest rivals - the Democratic Alliance and the Congress of the People, which split from the ANC late last year - rarely score more than 15% each in any survey...
...social stability. China is notorious for its lack of a social safety net, with hundreds of millions of peasants lacking even basic health care, much less luxuries such as unemployment benefits or pensions. Now, faced by soaring unemployment and an accompanying rise in poverty, Beijing is scrambling to put in place measures that will ease the pain for the newly impoverished. Some 16 billion dollars has been budgeted by the central government for health and education in the coming years, and its chosen method of distributing the money is often those same village committees. "The push is on for rural...
...middle-aged voter says he once left this village because local corruption and mismanagement brought his company to the brink of bankruptcy, forcing him to look for work elsewhere. Now, he says, he's come back to Da'an in the hope his vote will help put the village on a better path forward. "Of course I'd come back home just to vote," he says, declining to give his name. "This is a big deal for my village. The leadership was so disappointing that it drove me away. I can't wait to see a new village leader...